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Port Allegany, PA—16743

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$124,000
4.0% YoY Growth
Household Income
$53,800
5.9% YoY Growth
Days on Market
70
11.0% Shorter YoY
Home Price Forecast
0.4%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Port Allegany, PA

As of Dec '25, the median home price in Port Allegany, PA is $124,000, with a year-over-year change of 4.0%. This indicates that home prices in Port Allegany, PA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$124,0004.0%
Single Family $124,0005.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.3%
    1 Bedroom
    9.0%
    2 Bedrooms
    26.2%
    3 Bedrooms
    36.1%
    4 Bedrooms
    17.2%
    5+ Bedrooms
    9.3%

    Rental Trends — Port Allegany, PA

    Port Allegany, PA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    16.0%
    2 Bedrooms
    27.4%
    3 Bedrooms
    31.9%
    4 Bedrooms
    20.2%
    5+ Bedrooms
    4.5%

    Property Listings — Port Allegany, PA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Port Allegany, PA is 75. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$150,000-34.0%
    Listing Count
    		5-36.0%
    Listings as % of Homes0.4%-36.0%
    Days on Market
    		70-11.0%
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    Demographics — Port Allegany, PA

    As of the latest ACS Survey released in 2023, Port Allegany, PA has a population of 3,960, which has increased by 1.8% over the past 5 years. Port Allegany, PA is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,9601.8%
    % Under 18
    		26.6%16.7%
    % Seniors
    		18.2%-4.2%
    % WFH
    		6.8%9.7%
    % w/ College Degree
    		22.9%27.9%
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    As of the latest ACS Survey released in 2023, Port Allegany, PA is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Port Allegany, PA is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.7% of the population in Port Allegany, PA, and this percentage has increased by 16.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		95.1%-2.5%
    % Black
    		0.1%0.0%
    % Hispanic
    		1.5%87.5%
    % Asian
    		0.4%-20.0%
    % Foreign Born
    		0.7%16.7%
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    Mortgage and Risk — Port Allegany, PA

    According to HUD data as of 2023, there were 39 mortgage originations in Port Allegany, PA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Port Allegany, PA. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		39
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Port Allegany, PA

    Port Allegany, PA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		113
    Total Units Section 8
    		42
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		79.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$760
    2 BedroomN/AN/A$930
    3 BedroomN/AN/A$1,170
    4 BedroomN/AN/A$1,350

    Affordability — Port Allegany, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.4
    Median Home Price$124,000
    Median Household Income$53,800

    Port Allegany, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    16750

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    Frequently Asked Questions